A client wants to pay off his mortgage with a retirement account distribution and is wondering about the short- and long-term financial ramifications.
The Fed has forecasted an inflation rate of less than 1% this year and less than 1.7% for 2010 and 2011.
Commercial real estate prices plunged 14.9% on average in December from the same month a year ago.
In the first watchdog criticism of the Obama administration’s handling of the financial bailout, the head of a congressional oversight panel said the new Treasury Department plan “lacks crucial details,” especially about how it will treat toxic securities held by banks.
Fidelity Investments, the world’s biggest mutual fund company, reported today that its operating income dropped 18% last year.
When combing through new investment ideas, advisers would be wise not to ignore mutual funds and separate-account strategies at the bottom of the heap.
Smith Barney, facing a rising number of broker departures from its branches, this month hit four ex-reps and a rival broker-dealer with a lawsuit.
With many major companies trading in penny-stock territory, the New York Stock Exchange is considering relaxing a rule that requires shares to trade above a dollar.
